It was another challenging week for the market. Overall, risk assets across various market segments moved steadily lower throughout the week. And those that had been heavily punished the prior week mostly struggled to find their footing. Capital markets are notably weak heading into the main event looming in the coming week. This, of course, is the latest meeting of the U.S. Federal Reserve’s Open Market Committee, which is expected to set the table for raising interest rates in the coming months. Given the market dependence on central bank liquidity, it is a meeting this Tuesday and Wednesday that has the potential to set the tone for the markets throughout the spring and into the summer.
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